Hamilton Lane Inc. $HLNE Stock Position Raised by Wasatch Advisors LP

Wasatch Advisors LP grew its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 15.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,751,596 shares of the company’s stock after buying an additional 239,397 shares during the quarter. Wasatch Advisors LP’s holdings in Hamilton Lane were worth $174,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in HLNE. Invesco Ltd. grew its stake in shares of Hamilton Lane by 7.3% in the 3rd quarter. Invesco Ltd. now owns 1,534,836 shares of the company’s stock valued at $206,880,000 after buying an additional 104,977 shares in the last quarter. Champlain Investment Partners LLC raised its position in Hamilton Lane by 33.8% during the third quarter. Champlain Investment Partners LLC now owns 1,388,380 shares of the company’s stock valued at $187,140,000 after acquiring an additional 350,437 shares in the last quarter. State Street Corp lifted its stake in Hamilton Lane by 1.4% in the fourth quarter. State Street Corp now owns 1,293,854 shares of the company’s stock valued at $174,458,000 after acquiring an additional 18,296 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Hamilton Lane by 148.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock valued at $145,844,000 after acquiring an additional 648,588 shares during the last quarter. Finally, Millennium Management LLC grew its position in Hamilton Lane by 418.8% in the third quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock worth $142,946,000 after acquiring an additional 856,112 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hamilton Lane

In other news, COO Andrea Anigati Kramer bought 1,283 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average price of $77.46 per share, for a total transaction of $99,381.18. Following the acquisition, the chief operating officer directly owned 87,350 shares of the company’s stock, valued at $6,766,131. The trade was a 1.49% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Hartley R. Rogers bought 38,290 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $78.49 per share, with a total value of $3,005,382.10. Following the transaction, the chairman owned 93,756 shares in the company, valued at approximately $7,358,908.44. The trade was a 69.03% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 95,039 shares of company stock valued at $8,100,739. 22.21% of the stock is owned by insiders.

Hamilton Lane Stock Performance

HLNE opened at $77.77 on Friday. The firm has a market cap of $4.32 billion, a P/E ratio of 13.16 and a beta of 1.14. The business has a 50 day moving average price of $87.49 and a 200 day moving average price of $110.17. Hamilton Lane Inc. has a twelve month low of $71.88 and a twelve month high of $161.13.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.43 by $0.06. Hamilton Lane had a return on equity of 25.98% and a net margin of 32.83%.The company had revenue of $193.57 million for the quarter, compared to the consensus estimate of $203.05 million. During the same quarter last year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, analysts anticipate that Hamilton Lane Inc. will post 6.33 earnings per share for the current fiscal year.

Hamilton Lane declared that its board has approved a share repurchase program on Thursday, May 21st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Hamilton Lane Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Thursday, June 18th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.54. Hamilton Lane’s payout ratio is currently 40.61%.

Analysts Set New Price Targets

HLNE has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a research note on Monday, May 18th. Zacks Research lowered shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. The Goldman Sachs Group set a $148.00 price objective on shares of Hamilton Lane and gave the stock a “buy” rating in a report on Friday, May 22nd. Morgan Stanley decreased their price objective on shares of Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hamilton Lane in a research report on Wednesday, June 3rd. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.62.

Hamilton Lane Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.